162

OpenAI investors push to bring Altman back as CEO one day after he was ousted by board(www.nbcnews.com)

posted
by
Avatar
ZeroCool@feddit.ch
in
Avatar
technology@lemmy.world
37 comments
hidereport
Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments View context
Avatar
echo64@lemmy.world
-5 points

The boards job is to deliver shareholder value. Ergo, it may or may not be something illegal, all ypu can guarantee is that they think that revealing information might lose shareholder value.

permalink
report
parent
reply
Avatar
eggymachus@sh.itjust.works
18 points

The board that fired him was that of the nonprofit, so they don’t answer to shareholders.

permalink
report
parent
reply
Avatar
Echo Dot@feddit.uk
2 points

They don’t have shareholders. Open AI is a nonprofit. So the job of the board is literally to do what is best for the organization, I can’t see how it could possibly be good for the organisation to fire the CEO and then point right refused to elaborators to the reason.

permalink
report
parent
reply
Avatar
Optional@lemmy.world
1 point

To be honest the shareholder value on a non-profit is, uh, lackluster.

permalink
report
parent
reply

Technology

!technology@lemmy.world

Create post

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

Community stats

  • 16K

    Monthly active users

  • 13K

    Posts

  • 592K

    Comments

Community moderators